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Singapore tourist arrivals grow for 8th straight month in September to 778,141 UPDATED THU, OCT 20, 2022 - 5:13 PM ELYSIA TAN
Singapore has received some 3.7 million international visitor arrivals this year, with about 2.2 million arriving in Q3. PHOTO: AFP SINGAPORE’S international visitor arrivals grew for the eighth consecutive month in September to set another monthly record since the start of the pandemic, according to latest figures from the Singapore Tourism Board (STB).
There were 778,141 arrivals in September, up from the 728,744 visitors recorded in August, though the new figure remains far below the 1.5 million recorded in September 2019 before the pandemic.
The latest figure of singapore tourists arrival is only about 50% of the 1.5 million visitors recorded in September 2019...yet Genting Singapore Q3 net profit more than doubles to S$135.8 million as travel recovery continues
One way talk by the Melaka exco.. Mou is on the "maglev", not even a disney representative is there. Wait till a proper announcement by Disney then we shall believe there's such planning.
Amid cautious market sentiment over fears of a global recession, shares of Genting Bhd, and its 49.5%-owned Genting Malaysia Bhd have been holding up fairly well as investors bet on an “meaningful earnings recovery” with the easing of preventive restrictions across the gaming group’s key markets.
UOB Kay Hian (UOBKH) Research said it expects the Genting Group to elevate its earnings recovery momentum in the third quarter of financial year 2022 (3Q22), leveraging on continuously strong local patronage, better international visitations and full restoration of operating capacity.
“Furthermore, Genting Malaysia’s Resorts World Genting (RWG) is also primed to benefit from the ramping up of its hotel capacity to over 7,600 rooms (2Q22: 6,000 rooms) and resilient patronage during several holidays in 3Q22.
While Singapore and Malaysia have both seen impressive recovery of international patronage after borders reopening, we retain our view that China’s loosening of border restrictions remains the missing piece that serves as a strong re-rating catalyst for both the countries’ gaming industries.
To recap, Chinese visitors made up 19-20% and 11-12% of Singapore and Malaysia’s pre-pandemic tourist arrivals in 2018-19,” UOBKH Research said.
The research firm expects China to ease travel restrictions from 1Q23 onwards, and the pent-up demand for travel may allow RWG and RWS to potentially deliver above pre-pandemic gross gaming revenue.
Shares of Genting closed at RM4.56 on Friday, while Genting Malaysia finished at RM2.74.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MrAction
118 posts
Posted by MrAction > 2022-11-11 15:57 | Report Abuse
believing in china relaxing covid policy is like believing in bossku